RSA 296:15: Authority.

Any corporation now existing, or which may hereafter be established under the laws of this state, which has a capital stock and has among its objects a division of profits among its stockholders, may capitalize its undivided surplus profits by issuing to its stockholders certificates of stock representing their respective shares of the whole, or such part thereof as the corporation may determine, of any surplus profits belonging to the corporation and represented by cash or property.